BlockBeats News, March 30, according to Coinglass data, as Bitcoin dropped to $65,000 this morning, the current funding rates for mainstream CEXs and DEXs show that the market has returned to a bearish sentiment, with specific funding rates shown in the attached image.

BlockBeats Note: The funding rate is the rate set by cryptocurrency trading platforms to maintain the balance between the contract price and the underlying asset price, usually applicable to perpetual contracts. It is a mechanism for the exchange of funds between long and short traders, and the trading platform does not charge this fee. It is used to adjust the cost or yield of the contracts held by traders, to keep the contract price close to the underlying asset price.

When the funding rate is 0.01%, it indicates the benchmark rate. When the funding rate is greater than 0.01%, it represents a generally bullish market. When the funding rate is less than 0.005%, it indicates a generally bearish market.